Nevada Sunrise Gold Corporation (TSXV:NEV) announced it has received a drilling permit from the U.S. Bureau of Land Management to explore for lithium brines on the Neptune propery, located in the Clayton Valley of Nevada, USA.
The BLM has approved 10 exploration drill hole locations at Neptune, and Nevada Sunrise plans to drill 3 to 4 vertical holes as an initial phase, each up to 400 to 500 metres deep into an interpreted subbasin, with follow-up drilling if warranted. There are no known drill tests for lithium brines within the targeted Neptune sub-basin. The Neptune drill program is proposed to begin in February 2016.
Neptune consists of 316 unpatented 20-acre placer claims totaling approximately 6,320 acres (2,557 hectares) and is located approximately 37 miles (55 kilometres) southwest of Tonopah, Nevada in an active area of lithium exploration and mining. The Silver Peak lithium mine operation, acquired by Albemarle Corporation (NYSE: ALB) in 2015, has extracted lithium minerals from brines continuously since 1966 and is located approximately 10 miles (15 kilometres) to the north of Neptune.
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